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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

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Trade Setup
#USDCHF
Total Profit: -20 pip
Closed trade(s): 57 pip Profit
Open trade(s): -77 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 0.9123 (day close price) based on 'Valley' at 2020.11.09 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/U...

Closed Profit:
TP1 @ 0.9180 touched at 2020.11.11 with 57 pip Profit.

Open Profit:
Profit for one trade is 0.9112(current price) - 0.9123(open price) = -11 pip
7 trade(s) still open, therefore total profit for open trade(s) is -11 x 7 = -77 pip

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateNovember 21, 2020 - 17:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.89800, beginning of uptrend is expected.
  • We make sure when the resistance at 0.92950 breaks.
  • If the support at 0.89800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 36 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.9295 on 11/02/2020, so more losses to support(s) 0.9055 and minimum to Major Support (0.8980) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 0.9180
  2. 0.9240
  3. 0.9295
  4. 0.9460
  5. 0.9605
  6. 0.9750
  7. 0.9900
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Swiss Franc (USDCHF) free Sat, 23 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sun, 17 Mar 2024
US Dollar / Swiss Franc (USDCHF) Sat, 9 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sat, 2 Mar 2024
US Dollar / Swiss Franc (USDCHF) free Sun, 25 Feb 2024